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Bitcoin and similar blockchain-based cryptos exhibit the same radical divergence from traditional scarcity economics that we first saw when MP3s and Napster cratered physical album sales at the turn of the century. Unlike gold, which derives its value from bo… Bitcoin and similar blockchain-based cryptos exhibit the same radical divergence from traditional scarcity economics that...Read More

Bitcoin is breathing new life into another ailing power plant. 19 with 16 posters participating Bitcoins massive power consumption is the cryptocurrencys dirty secret. To mine bitcoin, computers across the globe chew through enough electricity to power a medium… [+3500 chars]Read More

China’s central bank on Friday said cryptocurrency transactions in the country are illegal, banning all transactions. It said cryptocurrencies like bitcoin and Ethereum are not legal tender and can’t be circulated. Its the countrys latest crackdown on digital currencies Illustration by Alex Castro / The Verge The Peoples Bank of China, the countrys central bank,...Read More

Twitter will now allow people to tip their favorite content creators with bitcoin and will also launch a fund to pay some users who host audio chat rooms on its Spaces feature, the company said on Thursday.The company also said it will test new ways to help u… Twitter will now allow people to tip...Read More

Four months after Twitter first introduced in-app tipping, the company is expanding its “tip jar” feature in a major way. The company is opening up tipping to all its users globally, and for the first time will allow some users to send and receive tips in Bit… Four months after Twitter first introduced in-app tipping,...Read More

Robinhood plans to start a cryptocurrency wallet next month, the company announced on Wednesday. The tool will allow you to send and receive digital currencies, as well as trade them and move them off the app. If you want to take part in the test, you’ll need… Robinhood plans to start a cryptocurrency wallet next...Read More

You won’t have to stick to Bitcoin if you’re determined to pay for your movie ticket with cryptocurrency. AMC chief Adam Aron has revealed his theater chain will also accept Ethereum, Litecoin and Bitcoin Cash when crypto payments are available. He didn’t hav… You won’t have to stick to Bitcoin if you’re determined to pay...Read More

AMC Entertainment (AMC.N) CEO Adam Aron said on Wednesday AMC Theatres will accept Bitcoin for online ticket and concession payments, and similarly accept other cryptocurrencies like Ethere… A representation of cryptocurrency Bitcoin is seen in this illustration taken August 6, 2021. REUTERS/Dado Ruvic/Illustration/File PhotoSept 15 (Reuters) – AMC Entertainment (AMC.N) CEO Adam Aron sai… [+596...Read More

The demonstrators burn Bitcoin machines, a week after the cryptocurrency became legal tender. image captionProtesters held signs reading “no to Bitcoin” Thousands of protesters have taken to the streets in El Salvador, angry at the introduction of Bitcoin as its legal tender. President Nayi… [+1352 chars]Read More